Short Interest in Champion Iron Limited (OTCMKTS:CIAFF) Expands By 8.7%

Champion Iron Limited (OTCMKTS:CIAFF) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 21,053,200 shares, an increase of 8.7% from the November 30th total of 19,360,900 shares. Based on an average daily volume of 40,100 shares, the short-interest ratio is presently 525.0 days.

Champion Iron Stock Performance

Shares of Champion Iron stock opened at $3.61 on Thursday. The company’s 50 day moving average price is $3.82 and its two-hundred day moving average price is $3.99. Champion Iron has a fifty-two week low of $3.50 and a fifty-two week high of $5.76.

About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.